Pressure grows for US legal investigation of Murdoch empire
Pressure is growing on Rupert Murdoch in the US. The Attorney General is facing calls – including from a senior Senator – to investigate “all entities controlled by News Corp”.
Will Straw
Will Straw founded Left Foot Forward in 2009 and was its first Editor. Follow him on Twitter.
Chamber of Commerce are latest to predict near zero growth in Q2
The BCC is the latest organisation to predict near zero growth in the second quarter of 2011. They predict today that the economy grew by just 0.3% since April.
Clinton: UK’s austerity budget could mean deficit will increase
Bill Clinton has warned that Britain’s spending cuts could end up raising the deficit. He is the highest profile critic yet of the coalition’s economic strategy.
Balls calls for new bank bonus tax
Ed Balls today calls for a £2bn bankers bonus tax to help create 100,000 jobs for young people. The move would repeat Alistair Darling’s successful policy.
US stimulus has been a success
Guido Fawkes wrote yesterday that the US stimulus had failed. In fact, it’s created thousands of private-sector jobs and prevented a depression.
IFS boss: Plan B “likely” if growth downgrade continues
IFS boss, Paul Johnson, has issued a stark warning to George Osborne. The prospects for growth are weak and if downgrades continue a “Plan B” is likely.
Double gloom for consumers
The week starts with two gloomy developments for consumers. The slow recovery means people are being forced to dip into savings and forego their summer holiday.
Balls: Slower growth could cost British families £3,300
Ed Balls will today outline that slower growth since George Osborne became Chancellor has already left each family £300 worse off and could leave families £3,300 worse off by 2015.
Public overwhelmingly backs Archbishop’s attack of Government policy
The British public share Rowan Williams’ concern that “we are being committed to radical, long-term policies for which no one voted”. 55% supported his statement with just 15% opposed.
Income inequality fell in Labour’s final year
New statistics show that income inequality fell in Labour’s final year in office. The final set of data show that income inequality was flat over Labour’s time in office.